STARTUPS: After pondering how to select a co-founder, another dilemma to overcome is whether an incubator is needed in the early stages and then which of the many now kicking about is the best one to pick (or try to get into). As travel-focused incubators gain traction, it's a decision which is more important than ever. Read more on Entrepreneur.
The decision on which incubator, if any, a startup should join boils down to how much of your entrepreneurial sauce you can, want and should try to make on your own.
Entrepreneurs have limited time, knowledge and resources. Therefore they need to focus on what matters most to them and what they need to do better than their competitors.
Yet the rest still needs to get done and that’s where incubators can be of great help.
But because incubator services come at a price -- cash, equity or opportunity costs -- this is a serious business decision to be carefully evaluated.
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NB:Baby incubator image via Shutterstock.